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Technology Stocks : Xicor ?

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To: john rentchler who wrote (441)	7/15/1996 4:44:00 PM
From: kblaine flaherty	of 2920

BLOODBATH TODAY!! As i have posted at another thread i think we will see some follow thru selling tommorrow as a result of overseas investors adjusting their portfolios in reaction to todays market. the way i calculate it the NASDAQ correction (technically a correction when it exceeds 10%) is at 15.4%. The NASDAQ has some technical support at 1050 and then very strong support at 1000. the tech stocks as we know have sold off much more sharply than the NASDAQ's 15.4% the thing that compounds this selloff is that nearly all large money managers have proprietary computer models that have technical resistance levels that are built into their system that automatically triggers SELL programs when these technical thresholds are broken, the end result is an oversold market. obviously the fact that margin loans are at a high level has further compounded this selloff and now we will have the overseas investors starting to react. although it is very difficult to be objective in a market like this the bottom line is that if you feel that your stock is fundamentally sound TURN OFF YOUR COMPUTER AND COME BACK IN 6 MONTHS, otherwise get out the ROLAIDS. blaine

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